Advance
An advance is a payment in advance of copyrights to the author, or receiving of a sublicensing contract in advance. All advances are deducted from subsequent rendering of accounts.
It can be used, for example, to register the receipt of sales of a given material's publication rights. The prepayment value is deducted from the subsequent rendering of accounts.
The rendering of accounts to the licensee is performed through this routine. His data are used to generate bills payable/receivable, according to the quantity and sale price entered.
The advance value is deducted in the copyright calculation. |
Use this routine whenever you need to make a copyright related advance to a professional, generating a bill in the financial module.
The System also allows you to run monthly closing whenever there is a copyright amount to pay to the author.
With the bills generated in Financial module, you can use the off-line accounting.. You can also enable off-line accounting. in Accounts payable, so that the accounting window is displayed whenever you have an advance or closing. |
Accounting of bills uses standard entries from Accounts Payable. Therefore, they must be registered in the Management Accounting module. |
Procedures
To register advances, access the routine in the menu.
| 1. | Click Add to enter information regarding the advance. |
| 2. | Enter the content of required fields. |
| 3. | To generate a bill, the content of Generate bill must be set to Yes. |
| 4. | Click OK to confirm. |
| 5. | Note that a screen is displayed to configure Parameters. |
| 6. | Fill out the data according to the field help instructions and confirm it. |
| 7. | The System displays a window listing information on bill numbering. |
See also